Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Race for £300m Mitsubishi tower down to three

Exclusive: Three heavyweights are now left in the race to deliver a new £300m tower in central London.

CN understands Lendlease, Mace and Sir Robert McAlpine are the three firms left battling it out for the contract to build the 50-storey tower at 6-8 Bishopsgate.

The new tower in the City of London is being developed by Mitsubishi Estate London in partnership with Stanhope, the scheme’s development manager.

Mitsubishi Estate is Japan’s largest developer and is responsible for some of the country’s tallest buildings, including Tokyo’s Marunouchi skyscraper.

It is also working on plans for Japan’s tallest building: a 390 m tower near Tokyo’s main station.

In July 2015 Mitsubishi Estates secured planning permission from the City of London Corporation for a 40-storey mixed-use tower.

However, it revised the plans and secured permission for an additional 10 storeys last October.

The 71,510 sq m building will have a public viewing gallery on the 50th floor and shops and restaurants at ground level.

Lendlease has worked on two previous schemes involving Mitsubishi Estate.

In September 2016 it signed the £103m contract to build a 12-storey office in Hammersmith for Mitsubishi and LGIM Real Assets. The company also delivered Mitsubishi’s £65m 8 Finsbury Circus development, which was also project managed by Stanhope.

Last week Mace replaced Skanska to build AstraZeneca’s new Cambridge HQ.

The company is also the contractor on the City’s £400m 40 Leadenhall scheme, known as Gotham City.

Sir Robert McAlpine’s latest major contracts include the construction of Jersey’s £466m hospital in St Helier, and the £500m revamp of Woking town centre.

CN has contacted Lendlease, Mace, Sir Robert McAlpine and Stanhope for comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.